40% of UK citizens could last 6 months with savings

40% of UK citizens could last 6 months with savings when 70% of Indian citizens couldn’t last more than 1 month

In a recent survey conducted by TipTopJob.com, it was found that 40% of UK citizens could last 6 months or more on their savings if they were to lose their job. On the other hand, in the UK, the same number (40%) couldn’t last more than a month.

The findings went on to survey jobseekers and employees across the UK, USA, Australia, Canada, India and South Africa.

A huge 70% of citizens in India have less than one month’s savings. In Australia 54% could only last one month, in the USA 52%, in Canada 38% and South Africa 44%.

In India, only 10% could last more than 6 months but this was closely followed by 13% of individuals in Canada. In South Africa, 22% of people could last more than 6 months.

Across the world, with people being careful with what they are spending it is not surprising that there is not a higher % that could last more than 6 months. However, with the economic problems, in some cases maybe individuals have felt they have had to save their money in case they were to lose their job.

Mike Dauncey , comments, “A thought-provoking survey and interesting results comparing Country to Country. We will repeat this survey each year to see how the results may differ as time goes on. I am sure we will see an increase in the % of those able to last 6 months or more as time goes on.”